https://www.taxtmi.com/caselaws?id=417101 The tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the corporate debtor for failing to discharge the acknowledged debt of Rs. 1,68,02,813/-. A moratorium was declared, and an Interim Resolution Professional was appointed to manage the process. The order included prohibitions on legal actions against the debtor and ensured the continuity of essential services. The registry was directed to update the debtor's status on the Ministry of Corporate Affairs' website. en-us Thu, 23 Dec 2021 00:00:00 +0530 Sat, 15 Jan 2022 08:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417101 The tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the corporate debtor for failing to discharge the acknowledged debt of Rs. 1,68,02,813/-. A moratorium was declared, and an Interim Resolution Professional was appointed to manage the process. The order included prohibitions on legal actions against the debtor and ensured the continuity of essential services. The registry was directed to update the debtor's status on the Ministry of Corporate Affairs' website. Case-Laws Insolvency and Bankruptcy Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417101